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RISKS ASSOCIATED WITH TORM'S ACTIVITIES - Additional Information (Details)
kr in Millions
 12 Months Ended
Dec. 31, 2020
DKK (kr)
Dec. 31, 2019
USD ($)
company
item
T
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Freight rate change   $ 1,000    
Carrying value of fleet   1,674,800,000 $ 1,396,500,000  
Market value of fleet (excluding undelivered newbuildings)   $ 1,632,600,000 $ 1,322,100,000  
Threshold percentage of total voyage costs as cost of fuel oil consumed by vessels   61.10% 60.80% 55.30%
Percentage of bunker consumption hedged   6.50% 4.80% 3.30%
Percentage of bunker requirements for hedging instruments   2.60% 2.00% 2.10%
Number of bunker requirements covered for hedging instruments | T   13,590    
Estimated total number of bunker requirements for hedging instruments | T   529,852    
Percentage of sensitivity to changes in the bunker prices   10.00%    
Number of Protection and Indemnity club | item   2    
Aggregate insured value of hull and machinery and interest for TORM's owned vessels   $ 1,800,000,000 $ 1,500,000,000 $ 1,400,000,000
Percentage of freight revenues     17.00%  
Average percentage of demurrage   98.70% 98.10% 97.00%
Percentage of total freight revenues as demurrage   13.10% 13.30% 13.20%
Percentage of forward freight agreements (FFAs) and fuel swaps   100.00% 100.00% 100.00%
Percentage of administrative expenses denominated in currencies other than USD   98.30% 98.30% 97.90%
Percentage of operating expenses denominated in currencies other than USD   20.10% 23.40% 24.50%
Percentage of administrative and operating expenses denominated in currencies in DKK and EUR   63.00% 64.10% 62.00%
Percentage of exposure to interest rate risk   72.90% 66.20% 63.20%
Total interest expense exposure   $ 37,400,000    
Notional value of interest rate hedges covering   597,800,000    
Liquidity reserve in cash   72,000,000 $ 127,000,000 $ 134,000,000
Undrawn credit facilities   $ 246,000,000    
Currency risk        
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Closing foreign exchange rate   6.5    
Forecast        
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Administrative and operating expenses | kr kr 353.1      
Maximum        
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Number of companies to diversify risk | company   16    
Minimum        
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Number of companies to diversify risk | company   14    
Working capital facility        
Disclosure of nature and extent of risks arising from financial instruments [line items]        
Undrawn credit facilities   $ 75,000,000